GPL's cash collections for FY23 grew 41% to Rs 8,991 crore. Q4 FY23 collections stood at Rs 3,822 crore representing QoQ growth of 127% and YoY growth of 52%.

GPL reported highest ever quarterly and annual project deliveries. Its delivered projects aggregating over 10 million sq. ft. across 5 cities in FY23 including 7.6 million sq. ft. in Q4.

The company had best ever year for business development. Added 18 new projects in FY23 with a total estimated saleable area of nearly 29 million sq. ft. and total estimated booking value of about Rs 32,000 crore (i.e. more than double the BD guidance of Rs 15,000 crore of estimated booking value for FY23).

This included 5 new projects with an expected booking value of 5,750 crore in Q4.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are delighted that our efforts to take GPL's operational scale to a new level is meeting success. Our sales bookings growth of 56% allowed us to register total FY 23 bookings of 12,232 crore, which was 22% ahead of our full year guidance. We are pleased this sales growth for the year was on the back of both an improving project mix as well as strong volume growth of 40%. Importantly, our robust sales performance, has translated into record collections growth of 41% to 8,991 crore backed by strong project completions of over 10 million sq. ft.

With our business development additions nearly doubling our initial guidance and increasing by over 200% YoY, we will have a stronger launch pipeline in the current year than ever before. Our teams have built a deep understanding across all the key real estate markets in India and are greatly excited by the potential the next several years offer for us to deliver sustained high-quality performance across all key operating metrics."

In FY 2021, GPL emerged as the largest developer in India by the value and volume of residential sales achieved.

The realtor's consolidated net profit jumped 51% to Rs 59 crore in Q3 FY23 compared with Rs 39 crore in Q3 FY22. Revenue from operations declined 29.61% to Rs 196.23 crore as against Rs 278.76 crore in Q3 FY22.

The GPL scrip rose 6.59% to Rs 1125.25 on 6 April 2023.